Bitcoin in downward trend and expected to test major supports.

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

Casually_Crypto

BTC has fallen below the ascending channel and moving within the red channel. Eventually, it will be testing the thick yellow support which marked the bottom of the downtrends in 2021.
If it breaks and closes below the yellow support line at 36k , the chances of a bear winter increase significantly. Could drop down to 20k to retest the previous high.
NOT FINANCIAL ADVICE

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